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Egyptian Mobility Startup SWVL acquires Spain’s Shotl, Expands Into Europe

Egyptian Mobility Startup SWVL acquires Spain’s Shotl, Expands Into Europe

Everything seems to be falling in place for the Egyptian mobility space as Swvl, a provider of transformative mass transit and shared mobility solutions operating in Egypt and Saudi Arabia, has announced its expansion to Spain after it acquired a controlling stake in Shotl, a Spanish mass transit platform. Shotl

South Africa Startups Can Benefit from the $20m JP Morgan Fund

South Africa Startups Can Benefit from the $20m JP Morgan Fund

Renowned global financial operator JP Morgan has announced a partnership with the Department of Trade, Industry and Competition of South Africa (DTIC), to invest a $20m fund to help small enterprises scale. The partnership will make JP Morgan the first multinational investment bank in South Africa to implement an Equity

South African Celebrity startup myFanPark raises funding from Seed South VC firm

South African Celebrity startup myFanPark raises funding from Seed South VC firm

South African celebrity engagement startup myFanPark has announced it secured an undisclosed amount of investment from new local VC firm Seed South to help it further expand. myFanPark was launched in 2019 to enable users to request a personalized shout-out video from their favorite celebrity, such as birthday or celebration

The HiiL Justice Accelerator accepts 4 Southern African legal-tech startups into its program

The HiiL Justice Accelerator accepts 4 Southern African legal-tech startups into its program

The Hague Institute for Innovation of Law (HiiL) has announced the four Southern African startups that will go on to the HiiL Justice Accelerator. HiiL is a social enterprise devoted to user-friendly justice, which aims to increase access to justice that is easy to access, easy to understand, and effective

South African Digital Bank, TymeBank, Expands To The Philippines, Records 3.5m Customers In 2 Years

South African Digital Bank, TymeBank, Expands To The Philippines, Records 3.5m Customers In 2 Years

South Africa based Fintech startup TymeBank, has announced that it is expanding its operations to the Philippines through its newly-established firm, GOtyme. Tymbank became South Africa’s first digital bank when it was launched in 2019 by the trio of Coen Jonker, Rolf Eichweber, Tjaart van der Waalt, TymeBank. The

Kenyan Insurtech Startup, AiCare, Secures Funding From NaiBAN

Kenyan Insurtech Startup, AiCare, Secures Funding From NaiBAN

Nairobi-based provider of telematics insurance system for insurance companies AiCare, has announced it secured funding from Nairobi Business Angels Network (NaiBAN). AiCare is an Insurtech startup launched in 2020 by co-founder and CEO Arthur Mulwa, AiCare focuses on providing telematics insurance products to Insurance companies. The startup leverages its in-house

Kenya’s CashBackApp Raises $475k pre-seed Funding Round for Expansion

Kenya’s CashBackApp Raises $475k pre-seed Funding Round for Expansion

Kenya based customer loyalty startup CashBackApp has announced it raised $475k in a pre-seed funding round. Investors in the round include Lofty Inc, Sherpa Ventures and Loyal VC, and several angel investors based in the US, UK, Nigeria and Kenya. CashBackApp was launched in 2018, to help consumer goods companies

Nigerian e-sports startup Gamr raises round of seed investment

Nigerian e-sports startup Gamr raises round of seed investment

Nigerian competitive e-sports startup Gamr has secured seed investment to scale its operations further and deliver new opportunities to Africa’s estimated 750 million gamers. Gamr is an online subscription platform that allows gamers to interact with each other and enables tournament organisers to host events. It also organises its

Egyptian Fintech Startup Fawry Expands Heya Fawry, Its Network Of Women Agents

Egyptian Fintech Startup Fawry Expands Heya Fawry, Its Network Of Women Agents

Egyptian fintech startup Fawry, has just announced the expansion of its ‘Heya Fawry’ initiative to increase poor and disadvantaged women’s access to life-enhancing digital financial services and greater economic opportunities. This development is in line with its mission to empower Egyptian women. The Heya Fawry platform will give women

Nigeria's Central Bank freezes the bank accounts of six fintech startups

Nigeria's Central Bank freezes the bank accounts of six fintech startups

A federal high court in Abuja, Nigeria, has on Tuesday granted the request of the Central Bank of Nigeria (CBN) to freeze the account of six fintech companies. The Fintech startups affected by the ex parte motion include Rise Vest Technologies, Bamboo Systems Technology Limited, Bamboo System Technologies Limited OPNS,

African fintech, Pngme raises $15M to develop its financial data infrastructure platform

African fintech, Pngme raises $15M to develop its financial data infrastructure platform

Pngme, a San Francisco and Africa based fintech infrastructure and machine learning-as-a-service platform has closed a $15 million Series A funding round. The round was led by Octopus Ventures with participation from Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, and a group of individual

P2P betting startup, Wayja goes live in South Africa

P2P betting startup, Wayja goes live in South Africa

Wayja, a South Africa based peer-to-peer (P2P) betting platform that allows users to connect with friends and place informal bets on anything from anywhere, has gone live. With the launch, the startup is already looking to raise seed funding and fast-track international growth. Founded in early 2020 by Reece Jacobsen

Ethiopia ’s FDRE and MasterCard Partners to setup Yegara to Connect Startups with Investors

Ethiopia ’s FDRE and MasterCard Partners to setup Yegara to Connect Startups with Investors

Ethiopia ’s FDRE Jobs Creation Commission, has announced a partnership with Mastercard Foundation Piazza Communication, for the creation of the Yegara platform that connects companies with investors. Through the Mastercard Foundation-funded project, angel investors will be brought together to assist innovative young entrepreneurs. The aim of the Yegara website is

Nigeria based gifting platform, Showlove raises $300k pre-seed funding from Fedha Capital

Nigeria based gifting platform, Showlove raises $300k pre-seed funding from Fedha Capital

Showlove, a Nigeria-based social platform for gifting has announced the close of a $300,000 pre-seed round from Fedha Capital, and other angel investors. Launched in December 2020 by Chikodi Ukaiwe, Joshua Biyere, and Seye Bandele, the company is simplifying the process of requesting, giving, and receiving gifts and cash

Facebook to add four new branches to its 2Africa undersea cable network

Facebook to add four new branches to its 2Africa undersea cable network

Social media giant, Facebook has announced that it will expand the 2Africa, giant subsea cable it is building to four more branches in Africa. According to a statement released on Monday, the new branches will extend to the Indian Ocean island nations of Seychelles and Comoros along with Angola and

Egyptian Student Transport Startup Schoolz Raises Six-figure Pre-Seed Funding

Egyptian Student Transport Startup Schoolz Raises Six-figure Pre-Seed Funding

Egyptian mobility startup specializing in participative transportation for school pupils Schoolz app has announced it received six-figure pre-Seed funding from Saudi Arabian and Egyptian investors. Schoolz is a mobility startup founded in 2020 by the trio of Hosni Ahmed, Abdel Monsef Ismail, and Ayman Hamza. The platform uses current technology,

Acumen Software, a South African workforce and asset management startup secures funding

Acumen Software, a South African workforce and asset management startup secures funding

Acumen Software, a South Africa-based workforce and asset management startup has secured an undisclosed amount of funding to scale its My Smart City platform. Acumen Software is the company behind My Smart City, a platform for city residents to report service delivery issues, track reported matters, and mobilize fellow community

What Chaka’s partnership with TradingView mean for Africans

What Chaka’s partnership with TradingView mean for Africans

A startup of many firsts… Some weeks ago, Chaka became the first fintech startup in Nigeria to be licensed by the Nigerian Security and Exchange Commission (SEC). This license gave the company the legitimacy to continue its digital investment operations for Nigerian companies, retail investors, and institutional investors. After securing

Nigerian Fashion Brand Rooomxix Receive $1.5m Funding from Patricia

Nigeria-based urban streetwear fashion brand Rooomxix has announced it received a $1.5m investment from Nigerian Fintech startup Patricia to facilitate its nationwide expansion. Rooomxix is a retail streetwear fashion brand launched in July 2018. The brand is focused on revolutionizing street fashion in Africa. The brand is committed to

MTN Group closes in on tower deal amid wider breakup

MTN Group closes in on tower deal amid wider breakup

All plans are in place for the MTN Group to complete the sale and lease-back of the South African towers by the end of September. A separation of the FinTech and optical fiber units is also being developed as the wireless service provider works to pay off its debt. According

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian eCommerce startup Plendify launches B2B e-commerce marketplace

Ghanaian pan-African eCommerce startup Plendify has launched a B2B e-commerce platform to connects small and large African wholesalers, manufacturers, exporters, and importers with customers. Plendify was established in 2018 by Beau Sackey to help small and medium businesses in Africa execute commercial transactions. The startup operates an e-commerce B2B Marketplace

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti launches NeXTGEN connectivity solutions to address post-pandemic 'new normal', announces partnership with $5m fund for African

Tizeti, West Africa’s pioneer solar-based internet and voice service provider has launched new connectivity offering to enable more Africans to take advantage of digital offerings in a new world defined by the Covid-19 pandemic. The new products encompass the company’s commitment to widening the broadband envelope in Nigeria

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian Mobility Startup SWVL Adopts Blockchain Payment

Egyptian mobility startup Swvl has announced it has joined in the global business frenzy as it agrees to a partnership with leading Blockchain technology company Concordium to enable blockchain payment for its customers. Swvl which announced it was going public in July and currently operating in Saudi Arabia is a

JumiaPay partners with Egypt’s National Bank to provide business payment services

JumiaPay partners with Egypt’s National Bank to provide business payment services

Pan-African eCommerce platform Jumia has partnered with Egypt’s largest state-owned bank, the National Bank of Egypt (NBE), as it aims to provide financial services through its payment channel and business line, JumiaPay. JumiaPay was launched in September 2017 by the Jumia eCommerce platform. The platform was created as a

Nigeria to lift Twitter Ban in a few days – Information Minister

Nigeria to lift Twitter Ban in a few days – Information Minister

The federal government of Nigeria has on Wednesday said the ban on Twitter will soon be lifted. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this in a media briefing with State House correspondents at the end of the virtual Federal Executive Council, FEC, meeting presided over by